{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md10395","title":"Master Direction – Export of Goods and Services (Updated as on July 17, 2026)","document_kind":"Master Direction","page":"https://bankpulse.ai/rule/md10395","status":"In force","importance":{"code":"FYI","label":"FOR INFORMATION","weight":"For information","why":"General RBI update: no desk rule matched — read the source if it touches your work","layer":"bankpulse_inference"},"applies_to":{"shown":"All regulated entities","class_code":"ALL","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md10395","mode":"four_dates_v1","published":{"label":"Published","value":"Jan 04, 2016","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"","stated":false,"why":"Not stated separately in this document. Read the rule itself before you assume a start date."},"transition":{"label":"Time to get ready","value":"","stated":false,"why":"Cannot be worked out until the day it starts to apply is known."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md10395.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=10395","document_date":"Jan 04, 2016","read_by_bankpulse":"2026-08-21 16:28:11 UTC","text_sha256":"1d57df20175eb4f58c15b7127a28fa90da391da9e35c4bbfb7a8bf2b3777126b","word_count":19682,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":52,"points_naming_an_rbi_paragraph":52,"points_stored":52,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md10395-69b66454","page_group":"Must know","stored_section":"THE CORE IDEA","heading":"Nine months to repatriate","plain_english":"An exporter must bring the full export value to India within nine months of the date of export.","rbi_paragraph":"Para A.2","rbi_char_offset":12722,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Goods leave India on 10 January. The full export value must reach India within nine months of that date. So the money is due by 10 October.","anchor":"https://bankpulse.ai/rule/md10395#p1","layer":"bankpulse"},{"n":2,"claim":"md10395-c2d33348","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Warehouse exports get longer","plain_english":"Goods sent to a warehouse outside India must be paid for within fifteen months of shipment.","rbi_paragraph":"Para A.2","rbi_char_offset":13473,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p2","layer":"bankpulse"},{"n":3,"claim":"md10395-19cb5ab2","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Free samples have a cap","plain_english":"Free-of-cost promotional exports are capped at 2 per cent of average annual export realisation.","rbi_paragraph":"Para C.1","rbi_char_offset":54879,"weight":"MUST KNOW","role":"All 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staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p13","layer":"bankpulse"},{"n":14,"claim":"md10395-baa95f96","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"A million dollar door","plain_english":"Extensions beyond one year need total overdue exports within one million United States dollars.","rbi_paragraph":"Para C.20","rbi_char_offset":81457,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p14","layer":"bankpulse"},{"n":15,"claim":"md10395-577eae7b","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Writing off small losses","plain_english":"An ordinary exporter may self write off unrealised bills up to 5 per cent of last year's realised exports.","rbi_paragraph":"Para C.23","rbi_char_offset":83788,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p15","layer":"bankpulse"},{"n":16,"claim":"md10395-61220c75","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Status holders get double","plain_english":"A status holder exporter may self write off up to 10 per cent; a bank may also write off 10 per cent.","rbi_paragraph":"Para C.23","rbi_char_offset":83973,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p16","layer":"bankpulse"},{"n":17,"claim":"md10395-c8a77e0b","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"One year old first","plain_english":"A bill can be written off only after staying unpaid for more than one year despite best efforts.","rbi_paragraph":"Para C.23","rbi_char_offset":84255,"weight":"MUST KNOW","role":"All 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staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p21","layer":"bankpulse"},{"n":4,"claim":"md10395-01d673de","page_group":"Do it","stored_section":"WHO SHOULD ACT","heading":"Overdue bills chased","plain_english":"Banks must watch every bill and take up overdue ones with the exporter promptly.","rbi_paragraph":"Para C.15","rbi_char_offset":75915,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p22","layer":"bankpulse"},{"n":5,"claim":"md10395-91b2f302","page_group":"Do it","stored_section":"WHAT CHANGES","heading":"Incentives go back","plain_english":"An exporter writing off a bill must surrender the export incentives received on it.","rbi_paragraph":"Para C.17","rbi_char_offset":78281,"weight":"DO IT","role":"All 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IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p25","layer":"bankpulse"},{"n":8,"claim":"md10395-277df1e4","page_group":"Do it","stored_section":"WHAT CHANGES","heading":"Commission declared upfront","plain_english":"The commission should be declared on the export declaration form and accepted by customs.","rbi_paragraph":"Para D.1","rbi_char_offset":97901,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p26","layer":"bankpulse"},{"n":1,"claim":"md10395-6e143cdd","page_group":"Background","stored_section":"WHO IT APPLIES TO","heading":"Who runs export trade","plain_english":"Export trade is regulated by the Directorate General of Foreign Trade; banks handle the money side under RBI's rules.","rbi_paragraph":"Para A.1","rbi_char_offset":7597,"weight":"BACKGROUND","role":"All 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B.9","rbi_char_offset":50903,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p33","layer":"bankpulse"},{"n":8,"claim":"md10395-1838dd4a","page_group":"Background","stored_section":"WHO SHOULD ACT","heading":"Advances tracked centrally","plain_english":"Banks report every incoming export payment, advances included, into the tracking system.","rbi_paragraph":"Para C.2","rbi_char_offset":57178,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p34","layer":"bankpulse"},{"n":9,"claim":"md10395-e0f399d4","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Documents stay with the bank","plain_english":"The bank keeps submitted export papers; they go back only to fix errors and return.","rbi_paragraph":"Para C.8","rbi_char_offset":68949,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p35","layer":"bankpulse"},{"n":10,"claim":"md10395-ff8ef772","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Direct dispatch is the exception","plain_english":"Documents may go straight to the buyer only with full advance payment or an irrevocable letter of credit.","rbi_paragraph":"Para C.10","rbi_char_offset":69774,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["trade-finance"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p36","layer":"bankpulse"},{"n":11,"claim":"md10395-49333cae","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Consignment needs a trust receipt","plain_english":"Consignment documents are delivered only against an undertaking to pay by a set date.","rbi_paragraph":"Para C.12","rbi_char_offset":73139,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p37","layer":"bankpulse"},{"n":12,"claim":"md10395-7efcd14f","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Trust receipt for part bills","plain_english":"The trust receipt routine applies even when a part bill is drawn in advance by trade practice.","rbi_paragraph":"Para C.12","rbi_char_offset":73342,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p38","layer":"bankpulse"},{"n":13,"claim":"md10395-06cd46b0","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Expenses off the top","plain_english":"Consignment agents may deduct their normally incurred expenses from the sale proceeds.","rbi_paragraph":"Para C.12","rbi_char_offset":73507,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p39","layer":"bankpulse"},{"n":14,"claim":"md10395-352aba38","page_group":"Background","stored_section":"WHAT CHANGES","heading":"A turnover threshold","plain_english":"The warehouse applicant needs a minimum export turnover of 100,000 United States dollars in the last financial year.","rbi_paragraph":"Para C.13","rbi_char_offset":74726,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p40","layer":"bankpulse"},{"n":15,"claim":"md10395-2879ef07","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Forms held till paid","plain_english":"The bank keeps the duplicate export forms until the full proceeds are realised.","rbi_paragraph":"Para C.15","rbi_char_offset":76481,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p41","layer":"bankpulse"},{"n":16,"claim":"md10395-577f1be6","page_group":"Background","stored_section":"WHAT CHANGES","heading":"No extension under investigation","plain_english":"No bank extension is allowed while the deal is under investigation by the agencies.","rbi_paragraph":"Para C.20","rbi_char_offset":81089,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p42","layer":"bankpulse"},{"n":17,"claim":"md10395-5b4400d1","page_group":"Background","stored_section":"WHAT CHANGES","heading":"A promise to realise","plain_english":"For an extension, the exporter declares the proceeds will be realised during the extended period.","rbi_paragraph":"Para C.20","rbi_char_offset":81372,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p43","layer":"bankpulse"},{"n":18,"claim":"md10395-9ecbcc12","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Proof of a dead debt","plain_english":"Write-off needs proof, such as the buyer's insolvency and a liquidator's certificate of no recovery.","rbi_paragraph":"Para C.23","rbi_char_offset":84723,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p44","layer":"bankpulse"},{"n":19,"claim":"md10395-97e7cc3d","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Set-off with the same buyer","plain_english":"Export dues may be set off against import dues to the same overseas buyer or supplier.","rbi_paragraph":"Para C.26","rbi_char_offset":90285,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p45","layer":"bankpulse"},{"n":20,"claim":"md10395-1f3ff94c","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Group settlement allowed","plain_english":"Set-off can also run with overseas group companies through a centralised settlement arrangement.","rbi_paragraph":"Para C.26","rbi_char_offset":90452,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p46","layer":"bankpulse"},{"n":21,"claim":"md10395-b4c6da4e","page_group":"Background","stored_section":"THE CORE IDEA","heading":"The caution list","plain_english":"RBI caution-lists an exporter on the bank's recommendation, based on track record and investigations.","rbi_paragraph":"Para C.28","rbi_char_offset":94008,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p47","layer":"bankpulse"},{"n":22,"claim":"md10395-b748d1aa","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Grounds for the list","plain_english":"The list is for exporters under agency investigation, those untraceable, or those not truly chasing their dues.","rbi_paragraph":"Para C.28","rbi_char_offset":94364,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p48","layer":"bankpulse"},{"n":23,"claim":"md10395-50053381","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Leaving the caution list","plain_english":"The bank also recommends removal from the caution list to RBI's regional office.","rbi_paragraph":"Para C.28","rbi_char_offset":94671,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p49","layer":"bankpulse"},{"n":24,"claim":"md10395-06f5e8c2","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Digital since 2017","plain_english":"Since 16 October 2017, banks issue these certificates only from the system's own data.","rbi_paragraph":"Para C.30","rbi_char_offset":96149,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p50","layer":"bankpulse"},{"n":25,"claim":"md10395-f6120035","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Realisation certificates go digital","plain_english":"Banks issue the money-received certificate only from data held in the tracking system.","rbi_paragraph":"Para C.30","rbi_char_offset":96205,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p51","layer":"bankpulse"},{"n":26,"claim":"md10395-1a13d620","page_group":"Background","stored_section":"WHAT CHANGES","heading":"Commission needs a paper trail","plain_english":"Agency commission may be paid by remittance or deduction, on the exporter's application.","rbi_paragraph":"Para D.1","rbi_char_offset":97677,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md10395#p52","layer":"bankpulse"}],"actions":[],"amendments":[],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}